The Port of Corpus Christ has been given an additional $59 million in funding for its ship channel improvement project by the US Army Corps of Engineers.
This funding from organisation's fiscal year 2019 work plan, brings the total federal appropriations for the project to $95 million. The estimated cost for the project is $360 million, of which the federal government is responsible for $230 million, while the port is responsible for the remaining $130 million.
Sean Strawbridge, CEO for the Port of Corpus Christi, says: 'The inclusion of additional work plan funds is yet another significant milestone toward the US becoming a net exporter of its energy production.
'Widening and deepening the Corpus Christi Ship Channel is a mathematical certainty. Energy markets are taking notice as the majority of incremental US energy production is coming to Corpus Christi and ultimately to the global markets. We expect over two to three million barrels per day of new crude production coming out way, and our energy producing, and marketing customers know we are building out all the necessary infrastructure to handle these new volumes, safely and responsibly.'
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